Stocks Tumble as Risk Mood Sours, Gold Rebounds: Markets Wrap
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(Bloomberg) — Stocks remained under pressure as sentiment deteriorated after artificial intelligence-related concerns triggered a selloff in US technology shares. Gold and silver rebounded in choppy trading.
Nasdaq 100 Sinks 2% as AI Jitters Roil Wall Street: Markets Wrap
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(Bloomberg) — Prices buckled across several asset classes as concern about tech profits and weakness in commodities sent stocks down the most in over three weeks. Gold and silver tumbled as traders plowed money into the perceived safety of bonds. A rout in Bitcoin deepened.
Verisure Shares Slide as Earnings Fail to Convince Investors
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(Bloomberg) — Shares in Verisure Plc dropped the most on record after earnings from the Swedish alarm group failed to reassure investors who had been selling the stock on fears around artificial intelligence-related disruption.
Gas-Hungry Europe to Get Rare LNG Shipment Reloaded From China
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(Bloomberg) — A liquefied natural gas shipment reloaded from China — the world’s top buyer of the fuel — is heading to Europe, a rare move that highlights the continent’s push to refill dwindling inventories.
Treasuries Fall as Strong Jobs Curb Fed-Cut Bets: Markets Wrap
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(Bloomberg) — A stronger-than-anticipated US jobs report spurred a slide in Treasuries as traders pared bets on Federal Reserve rate cuts in 2026. An initial rally in major stock benchmarks waned. Cryptocurrencies slumped.
JPMorgan Promotes Communications Banker Koep to Top Global Role
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(Bloomberg) — JPMorgan Chase & Co. has named Burkhard Koep as global head of communications investment banking, as transactions involving digital infrastructure continue to drive deal volume.
Swiss Franc Faces ‘Exceptional’ Demand Even as SNB Risk Lingers
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(Bloomberg) — Investors are treating the Swiss franc as the purest safe haven on the market, brushing off the threat of central bank intervention as they seek out alternatives to the US dollar.
S&P 500 Halts Rally as Bonds Climb on Retail Sales: Markets Wrap
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(Bloomberg) — Wall Street traders gearing up for the key jobs report drove a rally in Treasuries after weak retail sales bolstered the case for the Federal Reserve to lower interest rates this year. Still, those bets weren’t enough to lift the S&P 500 to fresh all-time highs. Bitcoin sank.
Alphabet Sells Almost $32 Billion Bonds as Tech Races to Fund AI
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(Bloomberg) — Alphabet Inc. raised almost $32 billion in debt in less than 24 hours, showing the enormous funding needs of tech giants competing to build out their artificial intelligence capabilities — and the huge appetite from credit markets to fund them.
Traders Greenwich Metals and Element Alpha Said to Pursue Merger
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(Bloomberg) — Greenwich Metals Inc. and Element Alpha SA are finalizing talks over a merger that would give the commodity traders greater heft in key markets, according to people familiar with the matter.
S&P 500 Closes Near Record as Tech Keeps Rallying: Markets Wrap
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(Bloomberg) — Another rally in tech companies after an artificial intelligence-driven rout drove stocks higher ahead of economic data that will help shape the Federal Reserve outlook. Gold topped $5,000. The dollar fell.
Swiss Watch Giant Gets Bullish as an Activist Pushes for Change
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(Bloomberg) — American activist investor Steven Wood’s one-man mission to overhaul the governance and culture of Swatch Group AG just became a lot harder.
UBS to Hire 50 Hong Kong Wealth Bankers After Record Revenue Year
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(Bloomberg) — UBS Group AG plans to hire about 50 bankers for its wealth business in Hong Kong after its North Asia wealth business raked in record revenues last year, according to a senior executive.
Get Ready for Double Whammy of US Jobs and Inflation
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(Bloomberg) — Investors and policymakers are gearing up for a busy week of US economic reports that includes arguably the two most consequential data snapshots — employment and inflation.
World’s Central Banks Increasingly Look to Fed for Top Hires
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(Bloomberg) — From Istanbul to Rome, central banks with senior vacancies are embracing the pedigree that comes with a career spent in US policymaking.
Stocks Roar Back as Dow Average Hits 50,000 Mark: Markets Wrap
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(Bloomberg) — Stocks notched their best day since May in the wake of a technology rout fueled by worries over the billions of dollars being thrown at artificial-intelligence development. Bitcoin jumped after a 50% tumble from its peak. Silver and gold also bounced.
Cantor Takeover to Shrink O’Connor Footprint in Europe, Asia
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(Bloomberg) — Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund from UBS Group AG, according to people familiar with the matter.
Traders Chase ‘AI Resistant’ Stocks During Slide in Tech
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(Bloomberg) — A new group of stock winners has emerged as technology shares slide: Companies with businesses that artificial intelligence can’t replicate.
Partners Group Warns Europe Infrastructure Push Inflating Assets
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(Bloomberg) — Europe’s quest for sovereignty in critical infrastructure like power grids and digital networks risks unsustainable asset-price growth in the sector as cash continues to pour in, according to one of Europe’s largest private equity firms.
